Po Valley Energy Limited

PVE.AX

Oil & Gas Exploration & Production · Energy

Price

A$0.06

-0.00 (-1.61%)

Market Cap

A$70.7M

Exchange

Australian Securities Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Dec 31, 2025

How the score breaks down

Quality

Strong

Growth

Mixed

Cash Flow

Exceptional

Stability

Good

Valuation

Mixed

Dividends

Weak

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Share count rising — dilution

+39.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 830.0M (2021) → 1.16B (2025)

Winston Score History

The full picture

Po Valley Energy is a small Australian-listed oil and gas company that focuses on finding and producing natural gas in northern Italy, specifically in the Po Valley basin. Its main product is natural gas, which it sells to industrial customers and energy buyers in Italy. The company holds exploration and production licenses across onshore Italy, one of Europe's most established gas-producing regions.

Po Valley makes money by selling the natural gas it produces from its wells, earning revenue tied directly to gas prices and production volumes. It operates entirely in Italy, making it a geographically concentrated business with a market cap of around $100 million. The company benefits from Italy's ongoing need to reduce dependence on imported gas, which creates domestic demand for local producers. The main risk is that the business is small, operates in a heavily regulated environment, and its financial results are sensitive to swings in European natural gas prices and any delays in permitting new wells.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-17.9% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+12.5% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

€0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

23.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€8M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Po Valley Energy Limited's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

51.9%

Healthy — 51.9% gross margin

Profit after running costs

Operating Margin

42.2%

Excellent — 42.2% operating margin

Return on the money invested

ROCE

19.7%

Strong — 19.7% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth

Sales YoY

+8.5%

Steady sales growth (+8.5% YoY)

Profit growth

EPS YoY

+14.3%

Earnings growing (+14.3% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

168%

Turns 168% of profit into real cash

Spare cash per sale

FCF Margin

62.4%

Converts sales into free cash efficiently (62.4%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

876.42x

Comfortably covers interest (876.4x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

15.6x

Fair value — P/E 15.6

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

-0.7

SLOWING

Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend

Dividend Yield

0.76%

Small dividend — 0.76% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

N/A

no trend

Data not available

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